Cobra's Market View

Added to NUGT position on this morning's drop. I like NUGT to at least fill the gap at 72 and GDX to fill the gap at 27.65.

stlwater wrote:GDX (another chart)

GDX HS.png

I am long for the swing. Added NUGT, GDX, GDX Dec 26 calls. GLD bounced a bit from the 100 SMA/middle BB on the daily chart and needs to move up from here or on retest for this trade to work. GLTA.

Closed remainder of DUST long.

Closed 1/2 of DUST swing long. GDX likely to bounce soon, but looks to eventually close the gap from 8/12. Nice one boss I can’t hold 3x as long as u can It messes with my pacemaker :twisted: I would be out entirely except the 60min, 120 min charts look horrible. Also the daily chart with MACD bear...

Closed 1/2 of DUST swing long. GDX likely to bounce soon, but looks to eventually close the gap from 8/12.

GDX testing double bottom 828gdx_png.png Maybe breaking down heading to fill the Aug 12th gap? Too bad it broke down :evil: I count the higher high yesterday as a trap Not sure I have drawn the measured move pink-box-target correctly, but it matches that gap line …we’ll see... 828gdxb_png.png Just ...

Al_Dente wrote:GDX testing double bottom

828gdx_png.png

Maybe breaking down heading to fill the Aug 12th gap?

Disturbance in the force fading to a shallow ripple. Harmony returning to the forum. The master has spoken wisely.

SPY daily chart 50 SMA at 161.76 and middle BB at 161.49. If able to consolidate in this area we could see a move up to 164ish for SPY.

Possibly a triangle will form in the range between yesterday high and this morning low. So could be just range day today. I'm swing long now as my 2 hour SPY chart is riding the 13 SMA which made bullish crossover of the 21 SMA yesterday and continues to point upside. SPY has retested the strong res...

GLD shows 5 waves up from today's low before pulling back as does SPY. Both due for pullback which I believe will likely be 3 waves. I have UPRO long from this morning 62.40. Will establish a swing long position GLD position at my target for the pullback 116.5ish. Also swing long FSLR again which mi...

Just took another look on the 15 min chart and the closing red candle volume again was big. This has been the case for the previous 3 sessions since the uptrend started, and each time a gap up on the next day open...

SPY looks to close in this triangle just above 161.1 gap support with very tight 15 min BBs. Could go either way to start tomorrow. GLTA.

Perfect SPY close 159.5-160 area for stop runs first thing tomorrow. Since they got bears today I would guess that tomorrow's target will be newly emboldened bulls while setting up the larger short squeeze play in the making. GLTA.

Al_Dente wrote:

joeynickels wrote:$TRINQ at 0.5 shows better support for today's move up for QQQ.

Agree
It’s “funny” how TRINQ is often more sober for QQQ than TRIN is for SPY
Do u know (can u speculate) why?
Thanx in adv

Don't know Al... My only speculation is that the number of stocks for QQQ is only 100 vs SPY 500.

$TRINQ at 0.5 shows better support for today's move up for QQQ.

Perfect close. Stops can be run on the open both above and below.

TraderGirl wrote:

joeynickels wrote:Hark! Do I spy a Miyagi bar to 160.10?

I think everyone sees that p-bar...not so special if others have it...

The Miyagi bar can only be seen by Miyagi

TraderGirl wrote:

joeynickels wrote:Hark! Do I spy a Miyagi bar to 160.10?

I think everyone sees that p-bar...not so special if others have it...

Indeed

Hark! Do I spy a Miyagi bar to 160.10?